The statement of activities of a not-for-profit health care organization should classify the revenues as unrestricted, temporarily restricted, or permanently restricted, but should report expenses only as decreases in unrestricted resources.

Question

Quizplus · Accepted Answer

The statement of activities for a not-for-profit health care organization classifies revenues based on donor restrictions, but expenses are reported as decreases in unrestricted resources, reflecting the use of resources to carry out the organization's mission.

The Statement of Activities of a Not-For-Profit Health Care Organization